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May 8, 2023
05/23
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for the debt ceiling says it i would raise te debt ceiling and reduce speing to fy 2022re levels and limit future spending growth to 1% annually. part of the efforts including recovery on covid's funds for requirements from recipientsnd federal aid and call back funds for the irs collection isss and block student debt cancellation and foreign energy for green energy programs amongst other things. that's what they are proposing on this matter. courtney and georgia says speaker mccarthy and republicans right to vote. >> i think most people don't understand what's going on. i'm not going to make it myself but i don't understand. most put their money on, but they are going to spend their money on, if they passed the inflation reduction act, but they are spending but i can't even remember all, i watch them get up there and debate on who spending what and something like 100,000 -- $160,000 over the new york kennedy center, they are spending money on things that we don't even know they are spending it on. >> of those things that make you say speaker mccarthy has the right approach? >> i thi
for the debt ceiling says it i would raise te debt ceiling and reduce speing to fy 2022re levels and limit future spending growth to 1% annually. part of the efforts including recovery on covid's funds for requirements from recipientsnd federal aid and call back funds for the irs collection isss and block student debt cancellation and foreign energy for green energy programs amongst other things. that's what they are proposing on this matter. courtney and georgia says speaker mccarthy and...
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Jan 26, 2023
01/23
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it is not my position that will never raise the debt ceiling but the rules they will use the debt ceiling as a leverage to force real and meaningful structure reforms to fix the underlying problem. it does not have be a total solution for everything. but it has to be real and meaningful progress but i will point out those rules are written in the rules i wrote them alongside the other senators were standing up here today. that is the official of the republican congress. rusty lots of fireworks, lots of drama, lots of democrats -- and by the way joe biden's position is a facially reasonable and ridiculous. here's joe biden's refused to negotiate anything for that's what he is telling you. i don't care this not a republican majority out care bankrupting the country out care this inflation ravaging the country. let's default that is joe biden's position and on its face it is objectively unreasonable. the reason he can take that objectively unreasonable position is because he believes the press will protect him. he believes your coverage you will not talk but it's objectively unreasonable for
it is not my position that will never raise the debt ceiling but the rules they will use the debt ceiling as a leverage to force real and meaningful structure reforms to fix the underlying problem. it does not have be a total solution for everything. but it has to be real and meaningful progress but i will point out those rules are written in the rules i wrote them alongside the other senators were standing up here today. that is the official of the republican congress. rusty lots of fireworks,...
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May 10, 2023
05/23
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a budget is different than a debt ceiling. okay? so a budget only does two things, most people would assume a budget is like an estate capital where you pass a budget in the house, it goes to the senate and the president passes it. in congress that's not how it works. a budget only sets the dollar figure 302a's inside how you would spend. that's talking about what we spent five months ago and that's something we would have to work out in a debt ceiling. it's much like what nancy pelosi did when she was speaker where she told president trump that we could not raise the debt ceiling until we get the spending levels agreed to. now, they advocated for more money and then they advocated and 6 trillion more and then brought us inflation and the problems that we have today. it's the exact same thing we're trying to work through. >> budget cap. >> mr. speaker. >> yes. >> your meeting with the white house, you're telling us, doesn't-- (inaudible) >> well, the president tries to say, okay, i'll do a budget agreement, but the debt ceiling has
a budget is different than a debt ceiling. okay? so a budget only does two things, most people would assume a budget is like an estate capital where you pass a budget in the house, it goes to the senate and the president passes it. in congress that's not how it works. a budget only sets the dollar figure 302a's inside how you would spend. that's talking about what we spent five months ago and that's something we would have to work out in a debt ceiling. it's much like what nancy pelosi did when...
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Jan 26, 2023
01/23
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that it is our policy increase in the debt ceiling is cuts in the federal spending for the debt ceiling increase for structural reform and spending. it has got to be different. it has too be the consequences of staying on the same course or two devastating for us to contemplate. a >> any questions? >> [inaudible] >> they are enacting special measures. wete are looking for the house republicans to the and we will hopefully influence what they are asking for an increased for the o debt ceiling in the budget. it is all wrapped up in the budget is not i balance you have it increased and ceiling. you have to increase it anyway because of the past. but we cannot really predict exactly when those will come. but to say that in order for us and hopefully the republican colleagues to increase the debt ceiling once or twice we need to attendance on —- attach to it the spending cuts we are not willing to lay those out today. >> [inaudible]pt >> we cannot say that but i am more important of the structural change therefore faith and credit that is an important piece of legislation. senator scott is
that it is our policy increase in the debt ceiling is cuts in the federal spending for the debt ceiling increase for structural reform and spending. it has got to be different. it has too be the consequences of staying on the same course or two devastating for us to contemplate. a >> any questions? >> [inaudible] >> they are enacting special measures. wete are looking for the house republicans to the and we will hopefully influence what they are asking for an increased for the...
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Jan 26, 2023
01/23
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as everyone here is writing the debt ceiling is coming up. in the debt ceiling historically has proven the most effective lever point to force meaningful concessions. now, let me dispense with the canard. nobody standing here wants to default on the debt. let me be absolutely clear and unequivocal the united states of america should never ever ever default on its debt. and whether or not the debt ceiling is raised immediately, the united states will not default on its debt. why? revenue that comes in each month it seeds the interest payments that are owed. there is more than sufficient revenue coming in to make sure we never default on the debt. everyone of us supports legislation. legislation i called the default prevention act put that in statute to make clear this chance of default is 000%. the reason the default prevention act has been passed is because the democrats block it. there is one principal person this town time of default of the debt and that is joe biden. joe biden says threaten the default and frankly he's counting on you all
as everyone here is writing the debt ceiling is coming up. in the debt ceiling historically has proven the most effective lever point to force meaningful concessions. now, let me dispense with the canard. nobody standing here wants to default on the debt. let me be absolutely clear and unequivocal the united states of america should never ever ever default on its debt. and whether or not the debt ceiling is raised immediately, the united states will not default on its debt. why? revenue that...
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6.0
Sep 29, 2021
09/21
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debt ceiling. congress would have the authority to reject that but that would require the signature from the president of the united states. there's others that want to have a trillion dollar coin that doesn't even require so we talk about it in an array of things but right now we have to raise the debt ceiling. >> [inaudible] >> i thought we were on a path. everybody said you said you were going to do this. we had a path of a number $3.5 trillion and that's how we wrote the bills. all the committees of the jurisdiction participated in the bills and everybody worked on schedule. that's what i was so excited about so by september 15th, the bills were finished. then there was an intervention in the past week or ten days saying we can't go there. so we will see what that is. [inaudible] a senate judiciary subcommittee held a hearing on the need for changes to conservatorships and guardianships. witnesses shared their experiences living under a guardianship. pop star britney spears upcoming court heari
debt ceiling. congress would have the authority to reject that but that would require the signature from the president of the united states. there's others that want to have a trillion dollar coin that doesn't even require so we talk about it in an array of things but right now we have to raise the debt ceiling. >> [inaudible] >> i thought we were on a path. everybody said you said you were going to do this. we had a path of a number $3.5 trillion and that's how we wrote the bills....
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Aug 1, 2019
08/19
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the vote today will be on a two-year debt ceiling with no limits. the details do matter. raising the debt ceiling with no limits would be like telling your kid, okay, you can have a credit card, but there will be no limits on what you spend. just spend it on whatever you want, in whatever amount, and in two years, i will just pay the bill for you. nobody would do that with their family money, and no one should act that way. we can't keep going on like this. where are all the fiscal conservatives? what happened to the tea party movement? which was bipartisan and was concerned citizens rising up and saying i don't want something from government. what i want is a government that is responsible, a government that spends what comes in, a government that doesn't keep borrowing and borrowing and borrowing and putting us further at risk. what happened to that movement? that movement elected some of these people. you have heard these people. don't you remember when president obama was president, the republicans all clamoring and saying trillion-dollar deficits for multiple years.
the vote today will be on a two-year debt ceiling with no limits. the details do matter. raising the debt ceiling with no limits would be like telling your kid, okay, you can have a credit card, but there will be no limits on what you spend. just spend it on whatever you want, in whatever amount, and in two years, i will just pay the bill for you. nobody would do that with their family money, and no one should act that way. we can't keep going on like this. where are all the fiscal...
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May 24, 2023
05/23
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i will not put a clean debt ceiling on the floor. why? we spent more than we ever spent before and have the highest debt we ever had before. i don't think that's right. let me finish the question. everything else is on the table. for 97 days he wouldn't talk to me so we passed the bill. we are not getting everything in our bill. i'm negotiating with the president, we passed the bill to raise the debt ceiling. if i did what you are saying we wouldn't be talking. spending the negotiation team, my team is highly respected on both sides of the aisle. they know the house and senate well and i know together, maybe you discounted me too. it took 15 rounds. we are stronger for it. we didn't solve this problem on the first negotiation. i firmly believe we will get it. >> the concessions was the rate of debt. within the room, what concession are you willing to give? >> i'm willing to make america stronger, to curb inflation, less dependence on china and less then we spent the year before. when we are elected the power belongs to us from the america
i will not put a clean debt ceiling on the floor. why? we spent more than we ever spent before and have the highest debt we ever had before. i don't think that's right. let me finish the question. everything else is on the table. for 97 days he wouldn't talk to me so we passed the bill. we are not getting everything in our bill. i'm negotiating with the president, we passed the bill to raise the debt ceiling. if i did what you are saying we wouldn't be talking. spending the negotiation team, my...
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May 8, 2023
05/23
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are you prepared to invoke the 14th a minute for the debt ceiling? >> is the deal, this is not your father's republican party, this is a different group and we had to make it clear i'm prepared to negotiate the budget we can cut the first three of the site is misplacing a cut the debt by $1.7 trillion. their budget goes down and they can't cut the budget. anyway. >> when you say this isot not yr father's republic and party, is kevin mccarthy and honest broker to negotiate with? >> he had to make a deal and 15 votes were he does not sold away everything the farmer right, there's republican party and moderate republicans. moderate republicans have been put in a position where the speaker has tove agree. >> the debt ceiling president meet with leaders tomorrow at the white house. give your thoughts about the approachro and who has the right approach when it comes to dealing with the debt ceiling. president biden and democrats (202)748-8000. speaker mccarthy congressional republicans 748-8002. if you thinker neither side hasa right approach, (202)748-800
are you prepared to invoke the 14th a minute for the debt ceiling? >> is the deal, this is not your father's republican party, this is a different group and we had to make it clear i'm prepared to negotiate the budget we can cut the first three of the site is misplacing a cut the debt by $1.7 trillion. their budget goes down and they can't cut the budget. anyway. >> when you say this isot not yr father's republic and party, is kevin mccarthy and honest broker to negotiate with?...
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0.0
May 24, 2023
05/23
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it's just a possibility that we are talking about a debt ceiling where there is no debt ceiling. there shouldn't be this like invisible ceiling where we're talking about we owe money to this people, we owe money to this people. let's make a simple and be like, hey, we can just call it, let's call it square for now and then we will pay it back, and iou. we already own the world money. tons of money. i'm very aware. >> host: we are going to have to leave it there but we appreciate your call this morning. richard in watertown, new york, on independent line. go ahead. i think the democrats d republicans should sit down and put their differences aside and try to get our country back together. act like politicians. act like you care about the country. you have one side they want to cut back, cut back. ok. you have to make cuts somewhere. the other thing is the taxes. police officers, school teachers pay more taxes than these billionaire corporations, which i don't think is right. that is all i got to say but thank you. host: let's go to delroy, ohio. jean on the democratic line. good m
it's just a possibility that we are talking about a debt ceiling where there is no debt ceiling. there shouldn't be this like invisible ceiling where we're talking about we owe money to this people, we owe money to this people. let's make a simple and be like, hey, we can just call it, let's call it square for now and then we will pay it back, and iou. we already own the world money. tons of money. i'm very aware. >> host: we are going to have to leave it there but we appreciate your call...
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5.0
Sep 14, 2021
09/21
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we no doubt raise the debt ceiling on a bipartisan basis. againd that is what mcconnell said when trump was president. we will nong doubt raise the det ceiling on a bipartisan basis. he said when trump was president, failure to do so would be a disaster. failure to do so now, leader mcconnell, is an equal disaster it doesn't matter who is president you still incurred the bills. so, i believe it should be no different this time around. the united states has never, ever defaulted on paying its fdebt. i can't imagine republicans would want to be responsible for the first ever default. we need to work together to reverse causing irreparable harm tode the economy. and i would say to the business community and the financial community, led leader mcconnell no stop playing games with the debt ceiling. one final issue mr. president, madam president. before the senate concluded the previous work period, republicans blocked multiple efforts to even debate voting rights legislation in the u.s. senate. let me be clear, republicans refusing to support any
we no doubt raise the debt ceiling on a bipartisan basis. againd that is what mcconnell said when trump was president. we will nong doubt raise the det ceiling on a bipartisan basis. he said when trump was president, failure to do so would be a disaster. failure to do so now, leader mcconnell, is an equal disaster it doesn't matter who is president you still incurred the bills. so, i believe it should be no different this time around. the united states has never, ever defaulted on paying its...
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0.0
May 22, 2023
05/23
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>> wasn't in the senate clean debt ceiling. in the house it can't pass. so why should we waste time on something that's not going to pass instead of fighting something as a solution to the problem but we are too close to give up. america is too great think on small ideas like that. [inaudible] >> let me be very clear from the first s out the president to criteria i told him. when not going to raise taxes we bring in more money than we ever had were not going to pass a clean debt ceiling we got to spend less than we did that ship everything else is open for negotiation. that is at the end of the day. x timeline. [inaudible] members are elected to do the job. [inaudible] posted a great job he was to negotiate with you you're not the person to negotiate it's the president. nothing is agreed to come we do not agree to anything until we agree with everything without our discussion. [inaudible] [inaudible] >> you are misinterpreting for. >> i did not say that. actually not. the president sent a credible team. two thirds of you know young personally. right? she
>> wasn't in the senate clean debt ceiling. in the house it can't pass. so why should we waste time on something that's not going to pass instead of fighting something as a solution to the problem but we are too close to give up. america is too great think on small ideas like that. [inaudible] >> let me be very clear from the first s out the president to criteria i told him. when not going to raise taxes we bring in more money than we ever had were not going to pass a clean debt...
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0.0
Feb 3, 2023
02/23
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>> you're being very clear about the debt ceiling. however, in the bigger picture, do you believe this country has a debt problem? what is your plan to deal with that? sen. schumer: yes. unlike republicans, who passed the republican tax cuts on the very wealthy and the ultra big corporations, which increased the debt by $1.7 trillion, we democrats have reduced it. it's gone down in the biden years from the trump years. in the irs, we passed the first major piece of legislation -- the ira, we passed the first major legislation. the ira is properly named, the first time any party passed a bill that reduced the debt, reduced the deficit. we are proud of that. we believe we can do both. we can reduce the deficit. answer the phone. it's my intelligence guy. he's always in a skiff. way in the back. >> do you accept president biden should put tax revenues on the table as part of negotiations with speaker mccarthy? sen. schumer: as we have said, it was the tax reduction of the trump tax cuts that helped create this deficit in a very large way
>> you're being very clear about the debt ceiling. however, in the bigger picture, do you believe this country has a debt problem? what is your plan to deal with that? sen. schumer: yes. unlike republicans, who passed the republican tax cuts on the very wealthy and the ultra big corporations, which increased the debt by $1.7 trillion, we democrats have reduced it. it's gone down in the biden years from the trump years. in the irs, we passed the first major piece of legislation -- the ira,...
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2.0
Oct 5, 2021
10/21
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we are not asked them to vote to raise the debt ceiling. that is what mcconnell asked for three months, let democrats vote for. if they got out of the way as pretty much everyone has warned the first ever default on the national debt would be catastrophic for our economy and gravely harm americans across this country. again, we can avoid a debt ceiling crisis if republicans would just get out of the way. we are not ask them to vote yes just get out of the way. they house a message that provides for suspension of the debt ceiling until december of 2022. the senate will hold that vote tomorrow and once again every senator will face a choice. we can stop this republican manufactured debt ceiling crisis in its tracks or republicans can keep driving ever closer to the first default in american history. it's perfectly clear to everyone, everyone that democrats are working to prevent a default and republicans are deliberately likely to make it happen. republicans have been offered multiple opportunities to take a step back and de-escalate the cris
we are not asked them to vote to raise the debt ceiling. that is what mcconnell asked for three months, let democrats vote for. if they got out of the way as pretty much everyone has warned the first ever default on the national debt would be catastrophic for our economy and gravely harm americans across this country. again, we can avoid a debt ceiling crisis if republicans would just get out of the way. we are not ask them to vote yes just get out of the way. they house a message that provides...
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9.0
Sep 22, 2021
09/21
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and it will suspend the debt ceiling until december of 2022, commensurate with the time necessary to cover the debt of the bipartisan $908 billion emergency covid relief bill passed at the end of last year. now, today i want to spend some time focusing on the last of these items. addressing the debt limit to avoid a first-ever default in american history. throughout modern history, addressing the debt ceiling has consistently begun on a bipartisan basis. let me repeat that. throughout modern history, addressing the debt ceiling has consistently been done on a bipartisan basis. since 1960, the debt ceiling has been raised approximately 80 times under both republican and democratic administrations and under both unified and divided government. so much for the argument by leader mcconnell that when all three branches control one parte party, the debt ceiling ought to be their exclusive domain. that's not what history has shown, and that's not what happened actually in 2017 when donald trump was president, mcconnell was majority leader, mccarthy was republican speaker -- i believe it was
and it will suspend the debt ceiling until december of 2022, commensurate with the time necessary to cover the debt of the bipartisan $908 billion emergency covid relief bill passed at the end of last year. now, today i want to spend some time focusing on the last of these items. addressing the debt limit to avoid a first-ever default in american history. throughout modern history, addressing the debt ceiling has consistently begun on a bipartisan basis. let me repeat that. throughout modern...
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9.0
Sep 24, 2021
09/21
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if we don't lift the debt ceiling. you know what that action would mean for american families because you said it here on the senate floor and around the country. so don't threatened the american people and our entire economy with what you know to be so irresponsible and i will and with this. you should do the right thing enjoyment democrats to liftt the debt ceiling to pay for bills that are already owing for bills yout voted for but for goodness sakes, you don't want to do the right thing at least get out of the way. don't use the filibuster to prevent democrats to do the right thing for the country. that is a cynical ploy i don't calculus is. i heard the republican leader saying he didn't want the biden agenda to succeed. but for god sakes let's put country first and let's make sure you t do the right thing for the american people. let's lift the debt ceiling and pay our bills on time as we have done every year throughout her history. urge my colleagues to either do the right thing on the vote or get out of the way
if we don't lift the debt ceiling. you know what that action would mean for american families because you said it here on the senate floor and around the country. so don't threatened the american people and our entire economy with what you know to be so irresponsible and i will and with this. you should do the right thing enjoyment democrats to liftt the debt ceiling to pay for bills that are already owing for bills yout voted for but for goodness sakes, you don't want to do the right thing at...
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136
Jul 31, 2011
07/11
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they know under ronald reagan the debt ceiling was raised 18 times. under george bush was 7, 8, or 9 times. and they never said a word. but now in the midst of this crisis, the economic crisis that we've had going on, this recession, they add this who are riffic crisis that they have made up. so -- and i have one more question i want to ask my friend for his comment. you know, i was thinking the other day how things are stalling. the economic growth, the recovery is stalling. and i look back on this and i say, you know, why has this happened? and one of the great reasons, i believe, as someone who did study economics a long time ago, is uncertainty. and this whole nightmare that we're going through, this unnecessary nightmare, here we are on a sunday, we know that talks are going on. this is unnecessary. but we're in this mess. the republicans wanted us to be in this mess again in three, four, five months. we finally, i hope, have gotten rid of that notion. we're not going to agree to a short-term extension here. but here's what i see here. as soon as
they know under ronald reagan the debt ceiling was raised 18 times. under george bush was 7, 8, or 9 times. and they never said a word. but now in the midst of this crisis, the economic crisis that we've had going on, this recession, they add this who are riffic crisis that they have made up. so -- and i have one more question i want to ask my friend for his comment. you know, i was thinking the other day how things are stalling. the economic growth, the recovery is stalling. and i look back on...
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15
Dec 14, 2021
12/21
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it is and i don't think getting rid of the debt ceiling or having a debt ceiling does away with that for y causes that. is my point. they need to start doing their jobs. >> let's hear from yolanda alabama, independent line. >> roll tide. >> host: you're on the air. >> caller: are all talking about debt. personally i believe america is in debt to the black people of the united states of america who built congress, who built washington. who built the white house literally. we have never been repaid or given reparation for the slavery ask and it's working for free from over 365 years i believe it is so talk about that. janet yellen and your commentator there. but thanks for taking my call but alabama is the poorest state in the union and i'm they don't want to do anything for black people in alabama. >> host: any thoughts? >> again you're bringing up a specific issue that is aside from the question of the debt ceiling . and the debt ceiling, all of these are that's another issue. reparation, what should we have and should we not. all of these are issues that need to be dealt with and ge
it is and i don't think getting rid of the debt ceiling or having a debt ceiling does away with that for y causes that. is my point. they need to start doing their jobs. >> let's hear from yolanda alabama, independent line. >> roll tide. >> host: you're on the air. >> caller: are all talking about debt. personally i believe america is in debt to the black people of the united states of america who built congress, who built washington. who built the white house literally....
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13
Jul 31, 2019
07/19
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spending, then you pass the amendment, although to raise the debt ceiling. only if those things are done. and people say, if we don't raise the debt ceiling about any reform, the country and markets will go to turmoil. guess what we bring in $3 trillion and we spent $4 trillion. what does that mean, we can pay for $3 trillion on a daily basis without borrowing. so tomorrow if we didn't raise the debt ceiling, we would spend three training dollars. social security check could go out every soldier to be paid and everybody could be taken care of on medicare. that's probably about it to tell you the truth. because we spend too much damn money, we spend money we don't have. social security, medicare and payer soldiers and maybe a few other things if you just spent what came in. isn't that what we should do and what response will people do, does any american family routinely spend a third, 25% more that comes in, does anybody spend $4 for every $3 a comes in. nobody does that. nobody in the right mind does that but your governmentth does. who is at fault? both par
spending, then you pass the amendment, although to raise the debt ceiling. only if those things are done. and people say, if we don't raise the debt ceiling about any reform, the country and markets will go to turmoil. guess what we bring in $3 trillion and we spent $4 trillion. what does that mean, we can pay for $3 trillion on a daily basis without borrowing. so tomorrow if we didn't raise the debt ceiling, we would spend three training dollars. social security check could go out every...
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91
Aug 2, 2011
08/11
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for weeks americans have watched the debate about raising our nation's debt ceiling. i know that it has been difficult and often frustrating to watch what is happening here, but this discussion could not have been more important for the future of america. we have been talking again about whether we would increase america's borrowing limit. in doing so, we have rightly focused on how do we prevent a default on america's credit, but also just as important, rather than just reflexively continue to borrow money that we don't have from chinese bankers, how are we going to confront the fundamental behavior in congress that has led us to this culture of borrowing and overspending in washington, d.c. i have said from the beginning of this debate that we owe it to the american people, and i owe it to my constituents in new hampshire, to confront both issues, to avoid default and finally to confront our debt once and for all and to change the direction that we are headed in as a country. to address only default and to continue to kick the can down the road on making the tough d
for weeks americans have watched the debate about raising our nation's debt ceiling. i know that it has been difficult and often frustrating to watch what is happening here, but this discussion could not have been more important for the future of america. we have been talking again about whether we would increase america's borrowing limit. in doing so, we have rightly focused on how do we prevent a default on america's credit, but also just as important, rather than just reflexively continue to...
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11
Dec 15, 2021
12/21
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and i don't think getting rid of debt ceiling or having a debt ceiling does away with that or causes that, is my point. they need to start doing their job. >> host: let's hear from yolanda on the independent line. >> go ahead you are on the air. >> caller: this is what i'm calling for you guys are all talking abou' debt. personally, i believe america isic in debt and the black people of the united states of america built congress, built washington, built the white house literally could repair give reparations for their slavery is working for free, so talk about that janet yellen and your commentator there. thank you for taking my call. but alabama is the poorest state in the union. [inaudible] so pray for us. >> will go to the other day anyy thoughts? >> again you are bringing up a specific issue that is aside from the issue of the debt ceiling. that is another issue, reparationsu should we have them should we not, how much? all of these are issues that need to be dealt with. and get under this craziness of throwing the ball back and forth. it's more like a hot potato i'm going to ma
and i don't think getting rid of debt ceiling or having a debt ceiling does away with that or causes that, is my point. they need to start doing their job. >> host: let's hear from yolanda on the independent line. >> go ahead you are on the air. >> caller: this is what i'm calling for you guys are all talking abou' debt. personally, i believe america isic in debt and the black people of the united states of america built congress, built washington, built the white house...
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10.0
Oct 7, 2021
10/21
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the debt ceiling crisis. our national debt is roughly $29 million, and yet democrats want to add trillions more to that. how many trillions? we don't know. they are battling within their conference just how many trillions more to saddle this country, but it's going to be a lot. but you know the curious thing? this crisis is 100% manufactured by democrats. why is that? because for the entirety of this congress, democrats have had complete 100% power to raise the debt ceiling any time they want. how is that? well, ordinarily in this body, the way legislation moves, it needs 60 votes to move. it's called the legislative filibuster. but there is an exception to that. it's a big exception. it's called budget reconciliation. it comes from the budget act of 1974. under budget reconciliation, you only need 50 votes, not 60 votes. it's the biggest exception that exists to the filibuster rule. democrats unfortunately have 50 votes in this body. they have a majority in the house. and they have the white house. that mean
the debt ceiling crisis. our national debt is roughly $29 million, and yet democrats want to add trillions more to that. how many trillions? we don't know. they are battling within their conference just how many trillions more to saddle this country, but it's going to be a lot. but you know the curious thing? this crisis is 100% manufactured by democrats. why is that? because for the entirety of this congress, democrats have had complete 100% power to raise the debt ceiling any time they want....
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54
Aug 1, 2011
08/11
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we're being asked to raise the debt ceiling. a big portion of that -- i've seen estimates as much as a third of that -- is to pay for the $800 billion that's going in tax breaks to the wealthiest just in two years, 2011, this year and next year, because of that deal last december where the bush-era tax cuts were extended for two years, the wealthiest -- get $800 billion in tax breaks. for two years. so now what we're being asked to do is to pay for these two years of tax breaks to the wealthiest by slashing funds for the most vulnerable in our society. so, that's the game here. the game here is to preserve those tax breaks, even though we have to slash funding. for the most vulnerable. in december, republicans' number-one priority was preserving tax breaks for the wealthy, even if that meant adding hundreds of billions of dollars to the deficit. do you get that? so last december, republicans said we've got to extend the bush-era tax breaks two years. it added $800 billion to our deficit. i didn't hear a peep out of th them, not
we're being asked to raise the debt ceiling. a big portion of that -- i've seen estimates as much as a third of that -- is to pay for the $800 billion that's going in tax breaks to the wealthiest just in two years, 2011, this year and next year, because of that deal last december where the bush-era tax cuts were extended for two years, the wealthiest -- get $800 billion in tax breaks. for two years. so now what we're being asked to do is to pay for these two years of tax breaks to the...
6
6.0
Sep 21, 2021
09/21
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but the debt ceiling was removed, bipartisan. too not do so, to otherwise to do otherwise, not doing the debt ceiling and a bipartisan way has been considered unthinkable because the consequences for the economy, for the american people, for a standing on the world stage would be too severe. senate republicans and theic ngrepublican leader however are engaging and fantastical feats to justify why this time is somehow different. we know it's not. we all know the truth. democrats or republicans both had a hand and approving they must pay. look, we know the republican justification for forcing to default, we know the republican justification for forcing a default is totally dishonest, plain and simple. just listen tod the wall street journal here's what it said. congress would still raise the debt limit this fall even if note new major spending programs were enacted. there were dual future expanding is totally false, as the wallou street journal. the fact is our continuing resolution would suspend the debt limit through december of
but the debt ceiling was removed, bipartisan. too not do so, to otherwise to do otherwise, not doing the debt ceiling and a bipartisan way has been considered unthinkable because the consequences for the economy, for the american people, for a standing on the world stage would be too severe. senate republicans and theic ngrepublican leader however are engaging and fantastical feats to justify why this time is somehow different. we know it's not. we all know the truth. democrats or republicans...
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23
Aug 1, 2019
08/19
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the vote today will be on a two-year debt ceiling with no limits. it's like telling your kid okay you can have a credit card that there will be no limits on what you send. spend on whatever you want them in whatever yo, andwhatever yous i will pay it for you. no one will do that and no country should act that way. >> we can't keep going on like this. they rise up and say i don't want something from government. what i want is the government that is responsible, the government that spends what comes in. a government that doesn't keep borrowing and borrowin borrowinn borrowing and putting us further at risk. what happened to that movement? that movement elected to some of these people. you've heard these people. don't you remember when he was president of thedo republicans clamoring and saying the trillion dollar deficits for multiple years, every year they would say president obama wants to spend and borrow and spend and borrow. i heard it in my state. i heard it from the very people who today will vote for this monstrosity. but they will also vote fo
the vote today will be on a two-year debt ceiling with no limits. it's like telling your kid okay you can have a credit card that there will be no limits on what you send. spend on whatever you want them in whatever yo, andwhatever yous i will pay it for you. no one will do that and no country should act that way. >> we can't keep going on like this. they rise up and say i don't want something from government. what i want is the government that is responsible, the government that spends...
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0.0
Feb 3, 2023
02/23
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debt ceiling. p he called on both parties to reach an agreement while voicing concern over gop proposals to cut spending. this is about 20- minutes. [background noises] [background noises] okay, good morning everybody. i am proud to be joined by sheldon lighthouse, chris van hollen. we expect senator cortez amassed out, do expect senator lujan? he could not make it. look i think my colleagues for joining me on the topic to the urest of america and frankly to every american family. that is making sure america pays its debts. herman thanks about the fiscal implications for the federal government. we are here to talk about this is ann economic nightmare for every american family. this is devastating for them. it has never happened in the history of the country. it would threaten the health we know of our economy and the very stability of the global financial system just at a times when we are recovering. or the handful of maga extremists republican party that is the almost abstract parts of it. this d
debt ceiling. p he called on both parties to reach an agreement while voicing concern over gop proposals to cut spending. this is about 20- minutes. [background noises] [background noises] okay, good morning everybody. i am proud to be joined by sheldon lighthouse, chris van hollen. we expect senator cortez amassed out, do expect senator lujan? he could not make it. look i think my colleagues for joining me on the topic to the urest of america and frankly to every american family. that is...
8
8.0
May 24, 2023
05/23
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the debt ceiling was raised twice without preconditions. my second question, then i will hang up, is isn't it a fact that if you set a precedent, a new precedent the democrats in the future will be able to hold republican presidents hostage and asked for for a demand r things they want that weren't passed through congress? isn't that the fact? >> guest: romarcus, i'm sorry,, you want to moderate? >> host: go ahead and try to marcus, you havein a very good point. very clear about this. i don't think this is an this is a republican or democrat president problem. it's been an american problem and it wasn't in congress at that point in time and i don't agree with clean, with raising of a clean debt ceiling unless we are having some fiscal responsibility. president trump came in and said for every one new regulation you're going tout cut to regulations. the tax cut and jobs act which actually cut taxes but grew the economy. employed more individuals that had been employed in 50 years across all demographics. so yeah, i don't disagree with your s
the debt ceiling was raised twice without preconditions. my second question, then i will hang up, is isn't it a fact that if you set a precedent, a new precedent the democrats in the future will be able to hold republican presidents hostage and asked for for a demand r things they want that weren't passed through congress? isn't that the fact? >> guest: romarcus, i'm sorry,, you want to moderate? >> host: go ahead and try to marcus, you havein a very good point. very clear about...
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0.0
Jan 24, 2023
01/23
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there's a clean debt ceiling. what that means, we would just do a nominee, not even a budget, that's off the table. we've got to change -- i don't know if you have any children but if you gave them a credit card and they kept raising it and hit the limit, you raised it again, increased and again and again, would you just keep doing that or change the behavior. we are 6 months away. why not sit down now and change this behavior, that we would put ourselves on a more fiscally strong position, let the future generation make us stronger and the economic stronger for this country, that is why we should sit down and i would welcome -- president. mr. president, i ask unanimous consent the quorum call be dispensed with. the presiding officer: without objection. mr. thune: mr. president, on friday, a they've done for decades, americans from around the country, many of them young people, took to the streets of washington, d.c. to march for life. this year, of course, was a little different. because for the first time since
there's a clean debt ceiling. what that means, we would just do a nominee, not even a budget, that's off the table. we've got to change -- i don't know if you have any children but if you gave them a credit card and they kept raising it and hit the limit, you raised it again, increased and again and again, would you just keep doing that or change the behavior. we are 6 months away. why not sit down now and change this behavior, that we would put ourselves on a more fiscally strong position, let...
6
6.0
Sep 21, 2021
09/21
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but the debt ceiling was resumed. bipartisan. to not do so to otherwise and to do otherwise not doing the bike's debtceiling in a bipartisan way has been considered unthinkable because the consequences for the economy, for the american people and for our standing on the world stage would be too severe . senate republicans and the republican leader however are again engaging in fantastical feats of sophistry to justify why this time is somehow different. he knows it's not, we all know the truth. democrats and republicans both had a hand in the spending we almost face. look, we know the republican justification for forcing a default. we know the republican justification for forcing a default is totally dishonest. plain and simple.don't ask me, just look to the wall street journal. here's what it said. progress is still needs raises the debt by this fall even if no new major spending programs were enacted . this idea that they don't want to raise the debt ceiling to deal with future spending is totally false. after asked the wall st
but the debt ceiling was resumed. bipartisan. to not do so to otherwise and to do otherwise not doing the bike's debtceiling in a bipartisan way has been considered unthinkable because the consequences for the economy, for the american people and for our standing on the world stage would be too severe . senate republicans and the republican leader however are again engaging in fantastical feats of sophistry to justify why this time is somehow different. he knows it's not, we all know the truth....
0
0.0
May 24, 2023
05/23
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i believe the debt ceiling should never be tied in with the. those are two different things and i'd like you to ask this question, i wanted to ask is tumorthe unit asked it to your democratic, i can't remember you said . why and when did they start tying in little things too much into the debt ceiling? because that has already been starting. >> host: i'll make a note of that joan, we have representative larkin coming in a few minutes. i want to bring up more video . this is mhouse majority leader steve scalise and he was asked if he believes janet yellen's prediction that june 1 is the default date deadline, let's watch. >> a lot of them don't believe the june deadline is the art deadline. do you believe that deadline, do you thinkof the numbers . >> we take you live on identity fraud in the social security this house subcommittee hearing is live on c-span2. >>. [inaudible] ... [inaudible] ... [inaudible] .. [inaudible]
i believe the debt ceiling should never be tied in with the. those are two different things and i'd like you to ask this question, i wanted to ask is tumorthe unit asked it to your democratic, i can't remember you said . why and when did they start tying in little things too much into the debt ceiling? because that has already been starting. >> host: i'll make a note of that joan, we have representative larkin coming in a few minutes. i want to bring up more video . this is mhouse...
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83
Oct 10, 2013
10/13
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debt ceiling denies needed dose of debt ceiling reality and you have given them that today. you have said or i think in just about these words you said prioritization is default by another name and prioritization is extremely difficult as you said. do we pay foreign debts or veterans benefits? do we make sure social security benefits go out or pay medicare. do we pay for education. american people don't want that. they would want to pass a clean debt ceiling bill and avoid those awful choices but i would like to talk about the other -- one of the debt ceiling deniers i read in the new york times, congressman brown, also said much of what he learned in medical school where lies the came from in his words the pits of hell. if we a people and -- letting people like this beat us, god save america. i would like to deal with the second issue. which is the timing. in my view we are like a blindfolded man walking towards a cliff and if we keep walking in that direction, very soon we will fall off. we may fall off on october 16th, we may fall off on october 17th, we may fall on oct.
debt ceiling denies needed dose of debt ceiling reality and you have given them that today. you have said or i think in just about these words you said prioritization is default by another name and prioritization is extremely difficult as you said. do we pay foreign debts or veterans benefits? do we make sure social security benefits go out or pay medicare. do we pay for education. american people don't want that. they would want to pass a clean debt ceiling bill and avoid those awful choices...
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105
May 17, 2011
05/11
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debt ceiling. for the people at home, if you have not seen as, it is quite a model. it speaks to this $14.3 trillion number. it is fun to watch but the serious underlying issue. what is the debt ceiling, and how did it come about? guest: it is the statutory limit on how much the treasury can borrow to help run the government. the fundamental reality on all of this is that in times of war, economic upheaval, difficult times, the government is essentially spending a lot more money than it is taking in. it has to borrow money to keep the government afloat, and this is done by the treasury is selling -- issuing bonds, notes, whatever to private individuals, sovran financial institutions, governments, who ever is interested in buying u.s. notes. u.s. notes are the gold standard internationally. that is how we operate the federal government. host: take this number, $14.3 trillion. give us some perspective. how did it get to be at that point and what does it mean in terms of the u.s. economy? guest: i obv
debt ceiling. for the people at home, if you have not seen as, it is quite a model. it speaks to this $14.3 trillion number. it is fun to watch but the serious underlying issue. what is the debt ceiling, and how did it come about? guest: it is the statutory limit on how much the treasury can borrow to help run the government. the fundamental reality on all of this is that in times of war, economic upheaval, difficult times, the government is essentially spending a lot more money than it is...
0
0.0
Jan 25, 2023
01/23
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i have been through a few of these debt ceilings and situations that seems to fan out the most was in 2011 when i negotiate with then vice president biden with a budget control act in conjunction with raising the debt ceiling. it actually worked, it reduced government spending two years in a row for the first time since right after the korean war. over the years most of us on our side felt it was squeezing the defense and democrats felt the same way on the domestic side. but if you were genuinely interested in cutting spending but at that time the federal deficit f, the federal debt was 12 trillion now it is 31 trillion. and in the course of the last congress theas democrats don't have a single republican vote to wrap up another two. $7 trillion on top of what happened during the pandemic so here is where i think we are. i can't imagine any kind of debt ceiling measure that could pass the senate to also pass the house so even though the debt ceiling could originate in the house of the senate with this current situation has to come out of the house. so i think it is entirely reasonable
i have been through a few of these debt ceilings and situations that seems to fan out the most was in 2011 when i negotiate with then vice president biden with a budget control act in conjunction with raising the debt ceiling. it actually worked, it reduced government spending two years in a row for the first time since right after the korean war. over the years most of us on our side felt it was squeezing the defense and democrats felt the same way on the domestic side. but if you were...
6
6.0
Sep 21, 2021
09/21
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eye 6
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the debt ceiling is not about politics. it's about our responsibility to the american people to the economy and constitution. >> if the reconciliation bill isn't ready by monday or if it's under numbered and what's untenable but youstill want to before the vote on bipartisan bills , will democratic leadership encourage progressives to vote for a bipartisan bill anyway even if the reconciliation bill is a threat. >> six days is an eternity in this place and we're going to get this done. we always do. because at the end of the day , what motivates us democrats across the ideological spectrum is delivering for the people and this is the president's agenda to build back better. he promised he would undertake this transformational effort to the american people . and we are going to make sure that promise is kept. in terms of the discussion that will take place over the next few days you all know house democrats are an enthusiastic group. we're not bashful. but we're a coalition
the debt ceiling is not about politics. it's about our responsibility to the american people to the economy and constitution. >> if the reconciliation bill isn't ready by monday or if it's under numbered and what's untenable but youstill want to before the vote on bipartisan bills , will democratic leadership encourage progressives to vote for a bipartisan bill anyway even if the reconciliation bill is a threat. >> six days is an eternity in this place and we're going to get this...
0
0.0
Mar 24, 2023
03/23
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house republicans approached the debt ceiling very dangerously. it's what they do is destabilizing and could very well lead to nothing short of disaster. that's a harsh word but it is a reality. it would be default. for years we have raised the debt ceiling under presidents of both parties when president trump with your i was when we leader. we could've stopped at. we could've played these games unless it did something we like but, of course, we didn't. it was too serious. the consequences of brinkmanship to dangers for the american people. now, republicans claim to be on the side of working families. they say they just want to lower costs, but last congress look to lowered costs, democrats. we delivered. now republicans are gambling with the american come with americans savings benefits and lives. it's time for the republicans to stop playing games, to show us the plan, and ease american spheres. leader jeffries. >> thank you leader schumer. it's an honor to be here and to stand with you as well a a standing with senator heinrich and senator schm
house republicans approached the debt ceiling very dangerously. it's what they do is destabilizing and could very well lead to nothing short of disaster. that's a harsh word but it is a reality. it would be default. for years we have raised the debt ceiling under presidents of both parties when president trump with your i was when we leader. we could've stopped at. we could've played these games unless it did something we like but, of course, we didn't. it was too serious. the consequences of...
75
75
Jul 27, 2011
07/11
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eye 75
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they're now saying they want the same kind of debt ceiling -- short-term debt ceiling increase that they opposed an substantive grounds previously. so republicans have flip-flopped on this point, but moik make no mistake about it a short-term zeal still a nonstarter in the senate and nothing more than a glide path to a credit downgrade, and we will not allow it. while republicans continue pushing for on productive plan, senator reid's plan, the senate plan, offers real potential to finally break this impasse t makes difficult choices. it includes almost $1 trillion in domestic discretionary program cuts, including defense. this is sear just belt tightening that have have consequences, good consequences, for years to come. and the plan received a major boost this morning when congress's official scorekeeper confirmed that the first draft cuts more, a lot more, than the boehner plan. according to the congressional budget office, the senate draft bill achieves almost $1.3 trillion more in deficit reduction than the boehner plan. let me repeat that. according to c.b.o., the senate draft bill
they're now saying they want the same kind of debt ceiling -- short-term debt ceiling increase that they opposed an substantive grounds previously. so republicans have flip-flopped on this point, but moik make no mistake about it a short-term zeal still a nonstarter in the senate and nothing more than a glide path to a credit downgrade, and we will not allow it. while republicans continue pushing for on productive plan, senator reid's plan, the senate plan, offers real potential to finally...
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0.0
Jan 26, 2023
01/23
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the democratic leaders also touched on the debt ceiling and social security solvency. [background noises] [background noises] [background noises] [background noises] good afternoon everybody. and it is my pleasure for the first and suddenly won't be the last to welcome my friends, colleagues a great democratic leader in the house hakeem jeffries her senate gallery. we'll be going over there you will be hearing a lot from us together. started off. >> good afternoon everyone it's an honor and privilege to be here with leader chuck schumer is an extraordinary job over the last several years ushering into law an incredible agenda on behalf of the american people. to make life better for everyday americans which drives house democrats, senate democrats uscertainly president biden and thankful for president biden's leadership and house democrats we arere thankful for the tremendous leadership of chuck schumer. republicans continue to double and triple down on their extreme agenda. we know they are extreme as it relates to reproductive freedom. we believe in a woman's freedom
the democratic leaders also touched on the debt ceiling and social security solvency. [background noises] [background noises] [background noises] [background noises] good afternoon everybody. and it is my pleasure for the first and suddenly won't be the last to welcome my friends, colleagues a great democratic leader in the house hakeem jeffries her senate gallery. we'll be going over there you will be hearing a lot from us together. started off. >> good afternoon everyone it's an honor...
0
0.0
Mar 24, 2023
03/23
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and then to raise the debt ceiling. and then spiraling the countryth into a default would be devastating the house republican and then everyone else including senate democrats senate republicans and democrats do the right thing for the american people to raise the debt ceiling. and then to do the right thing by the american people. >> . >> [inaudible] >> as mentioned we have to negotiate a budget as in previous years. but that should not be part of the debt ceiling debate we have to come together democrats and republicans not the cr but the omnibus we did last year and will try to do it again we will not negotiate ahead of time that we are eager to sit down and negotiate and then mary and collins talked about doing abbipartisan bills. >> [inaudible] >> we're always happy to sit down and talk to speaker mccarthy but you have to show us the plan was a point? thank you for the coffee? and they plan to have a real negotiation but will sit down with them anytime. >> [inaudible] >> i would repeat leader jeffrey said. and it's
and then to raise the debt ceiling. and then spiraling the countryth into a default would be devastating the house republican and then everyone else including senate democrats senate republicans and democrats do the right thing for the american people to raise the debt ceiling. and then to do the right thing by the american people. >> . >> [inaudible] >> as mentioned we have to negotiate a budget as in previous years. but that should not be part of the debt ceiling debate we...
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68
Feb 3, 2014
02/14
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you devised the debt ceiling. it's a congressional creation and you will, and you understand it's your obligation to get us out of it. that is where we are right now and i think it puts the executive and the legislative and a better position to go forward to have this kind of debate on other theories that are more natural. >> rudy obviously lawmakers use this issue to get attention. they want to raise money. there are a number of reasons you might do and some of them actually do care about the issues and are just trying to get elected. do you think when the public pays attention to this when it becomes a pressure moment, a crisis moment that they are more informed as a result or less informed as a result of having the debate the way we do? >> well i guess 70% of the public has never heard of the debt ceiling, but in any case certainly the debates we have had in recent years about the debt limit or about the budget unfortunately haven't been that informative. i do think that if there is a crisis i am hopeful that t
you devised the debt ceiling. it's a congressional creation and you will, and you understand it's your obligation to get us out of it. that is where we are right now and i think it puts the executive and the legislative and a better position to go forward to have this kind of debate on other theories that are more natural. >> rudy obviously lawmakers use this issue to get attention. they want to raise money. there are a number of reasons you might do and some of them actually do care...
0
0.0
May 31, 2023
05/23
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at the end of the day everybody negotiated over the debt ceiling. what does it mean when the next time comes around? >> president biden and democrats in the house and senate were clear that we were going to proceed on parallel tracks from the very beginning. parallel tracks meant for us we would avoid a default and whatever resolution occurs relative to the spending side of the equation related to the appropriations process had to mission duration suspending the debt ceiling. it wasn't the original plan from the extreme amaga republicans. 10 years of draconian spending checks in exchange for an 11 or 12 mark suspension of the debt ceiling. are you kidding me? give us a break. that was their position. that is not the resolution. >> the forecast or pledge a certain number of democrats to get through? >> also that to this day, what would have been better had house democrats -- you had a more path of negotiation. do you agree with that? >> i am thankful for her comments but i have full faith and all of us certainly, president biden, and the team of desi
at the end of the day everybody negotiated over the debt ceiling. what does it mean when the next time comes around? >> president biden and democrats in the house and senate were clear that we were going to proceed on parallel tracks from the very beginning. parallel tracks meant for us we would avoid a default and whatever resolution occurs relative to the spending side of the equation related to the appropriations process had to mission duration suspending the debt ceiling. it wasn't...
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63
Feb 4, 2014
02/14
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ceiling and when it was going to run up against the limits of the debt ceiling. it was an infatuation for the investment. and there was some concern amongst those in the government and investors would begin to ask what would happen when australia gets to this point and what is the process and doesn't have what the u.s. had in terms of extraordinary measures and capacity and cash management duties. so there was a part of the treasury in terms of explaining to investors how these prices would work and also we have a parliamentary system where the debate is really an environment about what level we have and the level that was increased to. and we were increasing at a time was to cover what people could clearly see what was going to be the australian government's requirement for a number of number of years. we didn't want it to be in a years time wit was part of the motivation which it was going to 500 billion to provide that as you can see from the present trend predictions. and they would need to borrow a certain amount and they had the authority to do that would.
ceiling and when it was going to run up against the limits of the debt ceiling. it was an infatuation for the investment. and there was some concern amongst those in the government and investors would begin to ask what would happen when australia gets to this point and what is the process and doesn't have what the u.s. had in terms of extraordinary measures and capacity and cash management duties. so there was a part of the treasury in terms of explaining to investors how these prices would...
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139
May 6, 2012
05/12
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he says you you get a vote in the debt ceiling. that may not sound like much, but the fact we have a lot of members who feel like failing to raise the debt ceiling is exactly what we need. kantor says with assumption grahams were working to educate our guys. >> host: judy, please go ahead with your question for robert graber. >> caller: my question is simply on the idea of compromise everyone is always talking about. i would just like the mental image and i want to go to use them he wants to go west. where is the compromise? we can go north or south for straight up or straight down if they're not going to get us where we want to go come over bester land land where we are and not go any place until we can figure out. and so compromise is not necessarily a good thing if it gets is constantly going to the wrong place for nobody wants to be. and i see that when people talk about legislation, why don't they compromise? i hurt them say if anyone is happy with this compromise in a current thinks it bad, it's probably a good thing. i thoug
he says you you get a vote in the debt ceiling. that may not sound like much, but the fact we have a lot of members who feel like failing to raise the debt ceiling is exactly what we need. kantor says with assumption grahams were working to educate our guys. >> host: judy, please go ahead with your question for robert graber. >> caller: my question is simply on the idea of compromise everyone is always talking about. i would just like the mental image and i want to go to use them he...
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Oct 10, 2013
10/13
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they didn't downgrade over a debt ceiling. the downgraded it because they lost confidence that we are willing to deal with our debt. that is the issue that i believe we need to focus on. cbo has recently stated that if we continue our current path, at some point investors would begin to doubt the government's willingness or ability to pay the u.s. debt obligations. i think at some point another credit rating agency is going to become convinced that we will not deal with our debt crisis. so the question that i have to the panel if the threat of default that each of you talked about, the fault on the u.s. treasury obligations, is that greater because of the fight we are having in washington right now over whether the debt ceiling will be extended or is it not far greater role for the fact we cannot get into the negotiations to resolve our entitlement spending and to reform our tax code? >> i know you mentioned this in your comment so let me mention this. >> center, as i said in my statement, i think that credit worthiness depend
they didn't downgrade over a debt ceiling. the downgraded it because they lost confidence that we are willing to deal with our debt. that is the issue that i believe we need to focus on. cbo has recently stated that if we continue our current path, at some point investors would begin to doubt the government's willingness or ability to pay the u.s. debt obligations. i think at some point another credit rating agency is going to become convinced that we will not deal with our debt crisis. so the...
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62
Jul 13, 2011
07/11
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raising the debt ceiling. it says that the republican party cares more about preserving tax breaks for the wealthy and corporate america than actually bringing down our debt. all the talk about deficit reduction, all the talk about getting a handle on our debt has been thrown to the winds. all in an effort to say that we know if we raise the debt ceiling, there will be trouble. and senator mcconnell is well aware, he's very smart when it comes to the politics of it, that had the debt ceiling not been raised, the blame would have fallen on the party that has said that we don't care about raising the debt ceiling. hundreds of members of the republican party throughout the country, scores in this congress, both this house and the other, have said we are not going to raise the debt ceiling. senator mcconnell, realizing the consequences of doing that would fall on the party that doesn't believe it's important to do, had to act. but at the end of the day, where is the debt reduction? where is the deficit reduction?
raising the debt ceiling. it says that the republican party cares more about preserving tax breaks for the wealthy and corporate america than actually bringing down our debt. all the talk about deficit reduction, all the talk about getting a handle on our debt has been thrown to the winds. all in an effort to say that we know if we raise the debt ceiling, there will be trouble. and senator mcconnell is well aware, he's very smart when it comes to the politics of it, that had the debt ceiling...
0
0.0
May 23, 2023
05/23
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a debt ceiling statute, and that statute dates back to 1917 when congress first created the debt ceiling, congress was repudiatingg, was questioned the debts of the united states,st ws ensuring that those who are owed money wouldn't be paid and that violates the plain language of the amendment. the argument on ts multifaceted. the first is the amendment prohibits congress from officially repudiating the debt, saying the bondholders can never be paid. it does not allow the president to act on his own, nor the statute passed in 1917, so the president's job cannot ignore the law. even the 1917 law raises constitutional questions. it is not the president's job to ignore it. that is the strongest argument, he cannot pick and choose. there was a lot more to say but that is the core of it. host: play this out. if the president does try to invoke the 14th amendment in terms of raising the debt ceiling, what does that look like in terms of a constitutional challenge? would it be immediately challenged in the courts and how quickly would go to the appeals process and potentially, the supreme court
a debt ceiling statute, and that statute dates back to 1917 when congress first created the debt ceiling, congress was repudiatingg, was questioned the debts of the united states,st ws ensuring that those who are owed money wouldn't be paid and that violates the plain language of the amendment. the argument on ts multifaceted. the first is the amendment prohibits congress from officially repudiating the debt, saying the bondholders can never be paid. it does not allow the president to act on...
110
110
Jul 30, 2011
07/11
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i'm willing to raise the debt ceiling. in fact, we worked on a motion that got more votes than any other motion that's been set forward and that was cut, cap and balance that would have required a balanced budget amendment to be passed, but would have raised the debt ceiling. what do we hear from the other side? intransigence. who is refusing to compromise? sounds to me like the other side is refusing to compromise. i have with me my distinguished colleague from utah. i'd like to hear his thoughts on where the fault lies and where we could come to if we were to compromise to try to find an agreement. mr. lee: mr. president, a number of us, myself included, have been arguing since january, ever since we arrived here and were sworn in in this very room, that the national debt is a permanent problem. the almost $15 trillion that we now owe as a nation is permanent. it's going to take a long time to pay off. there are people who are not yet old enough to vote, there are people who will be born in a few years who are not even h
i'm willing to raise the debt ceiling. in fact, we worked on a motion that got more votes than any other motion that's been set forward and that was cut, cap and balance that would have required a balanced budget amendment to be passed, but would have raised the debt ceiling. what do we hear from the other side? intransigence. who is refusing to compromise? sounds to me like the other side is refusing to compromise. i have with me my distinguished colleague from utah. i'd like to hear his...
3
3.0
Oct 5, 2021
10/21
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which leads me to addressing the debt ceiling. we said in july and august and i said in september there's a clear path to achieve raising the debt ceiling which must happen. america must not every default. and doing it with democrats only. during the previous reconciliation we got a ruling from the parliamentarian who said it's possible to amend the budget resolution through 304 process. they had plenty of time to execute the debt ceiling increase and have chosen not to do it. now, they had plenty more time because clearly the pause button has been pushed on the larger reckless tax and spendingbill . i'm for them one more time not to play russian roulette withthe american economy . we've been down this path before when you do not have divided government. the party in the majority got the job done. they need to do this, they have to time to do it. and the sooner they get about it the better. to make sure the markets and american people know that as usual, the american government will never ever default. >> is a couple quick points,
which leads me to addressing the debt ceiling. we said in july and august and i said in september there's a clear path to achieve raising the debt ceiling which must happen. america must not every default. and doing it with democrats only. during the previous reconciliation we got a ruling from the parliamentarian who said it's possible to amend the budget resolution through 304 process. they had plenty of time to execute the debt ceiling increase and have chosen not to do it. now, they had...